MTB-PJ FY 2006 Earnings Report — M&T Bank Corporation Revenue & Financial Results | Market Cap Arena

M&T Bank CorporationMTB-PJ

FY 2006 Earnings

Reported February 23, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$4.4B	—	—	—	—
Op. Income	$1.2B	—	—	—	—
Gross Margin	63.8%	—	—	—	—
Net Margin	19.2%	—	—	—	—
EPS (Diluted)	$7.37	—	—	—	—
Free Cash Flow	$448M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$4.4B
Cost of Revenue	$1.6B
GROSS PROFIT	$2.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$873M
SG&A Expenses	$873M
Other Expenses	$678M
Operating Expenses	$1.6B
Cost & Expenses	$3.1B
OPERATING INCOME	$1.2B
Interest Income	$3.3B
Interest Expense	$1.5B
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$392M
Net Income from Continuing Ops	$839M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$839M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$839M
D&A	$176M
EBIT	$1.2B
EBITDA	$1.4B
EPS	$8
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$4.4B
Cost of Revenue	$1.6B
GROSS PROFIT	$2.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$873M
SG&A Expenses	$873M
Other Expenses	$678M
Operating Expenses	$1.6B
Cost & Expenses	$3.1B
OPERATING INCOME	$1.2B
Interest Income	$3.3B
Interest Expense	$1.5B
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$392M
Net Income from Continuing Ops	$839M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$839M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$839M
D&A	$176M
EBIT	$1.2B
EBITDA	$1.4B
EPS	$8
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$839M
Depreciation & Amortization	$176M
Stock-Based Compensation	$0
Deferred Income Tax	-$68M
Other Non-Cash Items	$75M
Change in Working Capital	-$482M
OPERATING CASH FLOW	$540M
Capital Expenditure	-$92M
Acquisitions (Net)	$0
Purchases of Investments	-$867M
Sales/Maturities of Investments	$2.0B
Other Investing Activities	-$1.4B
NET CASH FROM INVESTING	-$367M
Net Debt Issuance	-$1.4B
Common Stock Repurchased	-$374M
Common Dividends Paid	-$250M
Other Financing Activities	$1.9B
NET CASH FROM FINANCING	-$39M
FREE CASH FLOW	$448M
Net Change in Cash	$135M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.6B
Short-Term Investments	$6.8B
Net Receivables	$1.4B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$9.9B
PP&E (Net)	$335M
Goodwill	$2.9B
Intangible Assets	$250M
Long-Term Investments	$41.3B
Tax Assets	$0
Other Non-Current Assets	$2.4B
TOTAL NON-CURRENT ASSETS	$47.2B
TOTAL ASSETS	$57.1B
Account Payables	$888M
Short-Term Debt	$4.1B
Deferred Revenue	$0
Other Current Liabilities	$39.9B
TOTAL CURRENT LIABILITIES	$44.9B
Long-Term Debt	$5.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$5.9B
TOTAL LIABILITIES	$50.8B
Common Stock	$65M
Additional Paid-In Capital	$2.9B
Retained Earnings	$4.4B
Treasury Stock	-$1.1B
Accum. Other Comp. Income	-$54M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$6.3B
Minority Interest	$0
TOTAL EQUITY	$6.3B
TOTAL LIABILITIES & EQUITY	$57.1B
Total Debt	$10.0B
Net Debt	$8.4B